VLEESHANDEL SALEMBIER: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
VLEESHANDEL SALEMBIER
NACE 46.231, Wholesale of live animals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.5m
2024 · -€190,639+€2.7m
Equity
€3.2m
2024 · €1.0m+€2.2m
Cash
€2.0m
2024 · €17,312+€2.0m
Balance sheet total
€4.9m
2024 · €2.9m+€2.1m
Largest movements
Assets
- Cash +€2.0m
up €2.0m (+11,550%), from €17,312 to €2.0m
mainly Net result for the year (+€2.5m) and Other debts (+€286,964)
- Receivables within one year +€134,749
up €134,749 (+38.0%), from €354,455 to €489,204
of which Trade receivables: +€88,542
- Tangible fixed assets -€63,490
down €63,490 (-2.6%), from €2.5m to €2.4m
of which Land and buildings: -€122,651
Equity and liabilities
- Profit (loss) carried forward +€2.1m
new in 2025: €2.1m
- Other debts +€286,964
up €286,964 (+136%), from €211,221 to €498,185
- Debts after one year -€170,358
down €170,358 (-23.5%), from €725,765 to €555,407
- Current portion of long-term debt -€128,226
down €128,226 (-40.5%), from €316,268 to €188,042
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
Income statement
- Gross operating margin +€3.4m
up €3.4m (+1,446%), from €237,672 to €3.7m
- Taxes +€803,192
new in 2025: €803,192
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€190,639
Gross operating margin
+€3.4m
Staff costs
-€7,335
Depreciation
-€8,737
Other operating charges
+€10,382
Financial income
+€7,559
Financial charges
+€18,709
Taxes
-€803,192
Result 2025
€2.5m
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.9m
Investment
-€197,462
Financing
-€679,584
Cash 2024
€17,312
From operations (derived)
+€2.9m
Net result for the year
+€2.5m
Depreciation
+€255,026
Receivables within one year
-€134,749
Smaller working-capital items
-€2,885
Provisions
-€7,741
Trade debts
+€7,084
Tax, wage and social debts
+€8,888
Other debts
+€286,964
Investment (derived)
-€197,462
Investment in fixed assets (net)
-€197,462
Financing
-€679,584
Debts after one year
-€170,358
Current portion of long-term debt
-€128,226
Short-term financial debts
-€100,000
Contributions, distributions and other
-€281,000
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,856,783 | €4,932,274 | +€2.1m | +72.7% |
| Fixed assets | 21/28 | €2,483,516 | €2,425,952 | -€57,564 | -2.3% |
| Intangible fixed assets | 21 | - | €5,726 | +€5,726 | |
| Tangible fixed assets | 22/27 | €2,482,219 | €2,418,729 | -€63,490 | -2.6% |
| Land and buildings | 22 | €1,982,116 | €1,859,465 | -€122,651 | -6.2% |
| Plant, machinery and equipment | 23 | €320,174 | €356,033 | +€35,859 | +11.2% |
| Furniture and vehicles | 24 | €82,201 | €120,725 | +€38,524 | +46.9% |
| Leasing and similar rights | 25 | €97,728 | €82,507 | -€15,221 | -15.6% |
| Financial fixed assets | 28 | €1,296 | €1,496 | +€200 | +15.4% |
| Current assets | 29/58 | €373,267 | €2,506,322 | +€2.1m | +571% |
| Amounts receivable within one year | 40/41 | €354,455 | €489,204 | +€134,749 | +38.0% |
| Trade receivables | 40 | €354,455 | €442,998 | +€88,542 | +25.0% |
| Other amounts receivable | 41 | - | €46,207 | +€46,207 | |
| Cash at bank and in hand | 54/58 | €17,312 | €2,016,860 | +€2.0m | +11,550% |
| Deferred charges and accrued income | 490/1 | €1,500 | €258 | -€1,242 | -82.8% |
| Total equity and liabilities | 10/49 | €2,856,783 | €4,932,274 | +€2.1m | +72.7% |
| Equity | 10/15 | €1,048,332 | €3,231,339 | +€2.2m | +208% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €923,332 | €1,019,084 | +€95,752 | +10.4% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €162,183 | €138,935 | -€23,248 | -14.3% |
| Distributable reserves | 133 | €748,649 | €867,649 | +€119,000 | +15.9% |
| Profit (loss) carried forward | 14 | - | €2,087,255 | +€2.1m | |
| Provisions and deferred taxes | 16 | €48,028 | €40,287 | -€7,741 | -16.1% |
| Deferred taxes | 168 | €48,028 | €40,287 | -€7,741 | -16.1% |
| Amounts payable | 17/49 | €1,760,423 | €1,660,648 | -€99,775 | -5.7% |
| Amounts payable after more than one year | 17 | €725,765 | €555,407 | -€170,358 | -23.5% |
| Financial debts | 170/4 | €725,765 | €555,407 | -€170,358 | -23.5% |
| Amounts payable within one year | 42/48 | €1,030,250 | €1,104,960 | +€74,710 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €316,268 | €188,042 | -€128,226 | -40.5% |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €363,778 | €370,862 | +€7,084 | +1.9% |
| Suppliers | 440/4 | €363,778 | €370,862 | +€7,084 | +1.9% |
| Taxes, remuneration and social security | 45 | €38,983 | €47,871 | +€8,888 | +22.8% |
| Taxes | 450/3 | €1,361 | €15,432 | +€14,072 | +1,034% |
| Remuneration and social security | 454/9 | €37,623 | €32,439 | -€5,184 | -13.8% |
| Other amounts payable | 47/48 | €211,221 | €498,185 | +€286,964 | +136% |
| Accrued charges and deferred income | 492/3 | €4,408 | €281 | -€4,127 | -93.6% |
| Remuneration, social security and pensions | 62 | €140,610 | €147,945 | +€7,335 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,289 | €255,026 | +€8,737 | +3.5% |
| Other operating charges | 640/8 | €18,800 | €8,418 | -€10,382 | -55.2% |
| Gross operating margin | 9900 | €237,672 | €3,674,931 | +€3.4m | +1,446% |
| Operating profit (loss) | 9901 | -€168,027 | €3,263,542 | +€3.4m | |
| Financial income | 75/76B | €15 | €7,574 | +€7,559 | +50,295% |
| Recurring financial income | 75 | €15 | €7,574 | +€7,559 | +50,295% |
| Financial charges | 65/66B | €30,368 | €11,658 | -€18,709 | -61.6% |
| Recurring financial charges | 65 | €29,178 | €11,658 | -€17,519 | -60.0% |
| Non-recurring financial charges | 66B | €1,190 | - | -€1,190 | |
| Profit (loss) for the period before taxes | 9903 | -€198,380 | €3,259,458 | +€3.5m | |
| Transfer from deferred taxes | 780 | €7,741 | €7,741 | = | 0.0% |
| Income taxes | 67/77 | - | €803,192 | +€803,192 | |
| Profit (loss) for the period | 9904 | -€190,639 | €2,464,007 | +€2.7m | |
| Transfer from tax-exempt reserves | 789 | €23,248 | €23,248 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€167,391 | €2,487,255 | +€2.7m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.